Economics

Bullionism is the name given to the essential features of economic thought in the first mercantilist era, during the XVI century. It is an economic…

Public Finance Public finance can be defined as the study of government activities, which may include spending, deficits, and taxation. It is that branch of…

Fiat Money is a kind of currency, issued by the government and regulated by a central authority such as a central bank. It is a…

Hard currency is a currency that has been adopted as an acceptable payment method in multiple countries. It is also known as, a strong currency…

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money issuance or money creation…

Cost of production refers to an enterprise’s overall cost of manufacturing a given quantity of a commodity or of delivering a service. The costs of…

Horizontalism is a social relationship that implies, as its name suggests, a flat plane upon which to communicate. It is an approach to money creation theory…

The classical dichotomy refers to the idea that real variables, like output and employment, are independent of monetary variables. In macroeconomics, the classical dichotomy is…

The liquidity trap is the extreme effect of monetary policy. It is a situation in which the general public is prepared to hold on to…

Monetarism is an economic theory that says the money supply is the most important driver of economic growth. It is a macroeconomic concept, which states…

The Capital Market is a kind of financial market where corporate or government securities are created and patronized for the purpose of creating long-term finance…

A financial market is a place where buyers and sellers meet to trade in financial assets like shares, securities, derivatives, currencies, and commodities. A financial…